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INT Exploitation of information infrastructure vulnerabilities
6.93
INT Port scanning
8.63 INT Phishing
39.49 INT Malware attacks
13.24 INT Compromise
by 21.8% (to 84.2 trillion) over the 12 months preceding October 2024, mortgage loans – by 21.7%2
(to 19.8 trillion), and
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25.03.2025
by a significant 1.9% after a seasonal drop in January (-0.8%). The growth was supported by deposit interest rates that remained attractive. Business
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24.03.2025
The Bank of Russia’s Business Climate Index came in at 4.8 p in March vs 5.4 p in the previous month, suggesting
5 18.8 4.1 13.8 4.7
MOEX Russia Index 3,200 8.6 25.6 20.8 11.0 -0.8
RTS
SITUATION AND INFLATION ........................................................................................................................................................................................................................................................... 2
MONETARY CONDITIONS .................................................................................................................................................................................................................................................................................................................................................................................. 5
EXTERNAL ENVIRONMENT .................................................................................................................................................................................................................................................................................................................................................................... 7
INFLATION RISKS ............................................................................................................................................................................................................................................................................................................................................................................................................................................... 8
CONCLUSIONS FOR MONETARY POLICY
AND THE KEY RATE DECISION ....................................................................................................................................................................................................................................................................................................................................... 9
Summary of
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21.03.2025
given the monetary policy stance, annual inflation will decline to 7.0–8.0% in 2025, return to 4.0% in 2026 and stay at
0 1,8 170,0 92,8 10,0
3 М 1 3 120,0 62,2 3,5 150,0 71,8 1,0
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21.03.2025
given the monetary policy stance, annual inflation will decline to 7.0–8.0% in 2025, return to 4.0% in 2026 and stay at
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21.03.2025
of Russia data show that average weighted deposit rates were above 22.8% in December but are only just above 20% at the moment. What